Finda announced on the 7th that the total amount of loans managed by its artificial intelligence (AI)-based loan comparison platform Finda has reached 120 trillion won.
As of the end of April, the amount of loans managed by Finda surpassed 119 trillion won. Considering that the total household loans in the fourth quarter of 2024 amounted to 1,800 trillion won, it accounts for about 7% of the total household loans in the country. Since the launch of the loan management service in December 2020, the cumulative amount has exceeded 274 trillion won.
Finda provides a user experience and interface (UX·UI) that allows users to intuitively grasp complex cash flows with various deposit and loan accounts. Users can intuitively understand their cash flow through features called "outgoing money" and "available cash," which display their expected expenditures and current cash holdings at a glance on the main screen of the Finda app.
Users of Finda's loan management service are entrusting their loans from other lenders to Finda for management. Users managing loans at Finda have an average of 3.5 loans per person, with an average loan amount of approximately 36.34 million won. The average interest rate on managed loans was recorded at around 7.4%.
Those actively using Finda's loan management service had an average of about 0.73 fewer loans than users overall, and their interest rate was also 1.06 percentage points lower. This is thanks to finding better loan terms through Finda or consolidating multiple loans to carefully manage cash flow.
Park Hong-min, co-CEO of Finda, said, "Since the launch of the loan management service, the cumulative loan amount managed by numerous users who have utilized the Finda app has reached 274 trillion won, and we are grateful that Finda is recognized as a highly specialized loan brand. We plan to incorporate even smarter features as a service that helps manage expenditures significantly affecting an individual's cash flow, from loan repayments to fixed expenses like credit card bills, so we hope for your expectations."